ECONOMIC SUCCESS IN HARMONY WITH ENVIRONMENTAL AND SOCIAL RESPONSIBILITY.
SUSTAINABILITY
Strategy
VIB Vermögen AG has been committed to a long-term and sustainable growth strategy for almost 30 years. For us, it is paramount that our economic objectives go hand in hand with environmental and social responsibility, which we take extremely seriously. And our success proves us right: since its inception, VIB has grown into one of the most successful developers and portfolio managers of properties in the Logistics and Light Industrial and retail sectors in Germany.
Profitable long-term corporate development dovetailed with environmental and social responsibility
Economy
Economic factors as basis for successful corporate development
- Increase in rental income and FFO
- Growth in proprietary portfolio and institutional business
- Appreciation of the real estate portfolio
- In-house portfolio management
- Need-based real estate financing
Ecology
Protection of the environment and sustainable use of resources
- Sustainable construction methods (certification)
- Reduced energy consumption through portfolio optimisation
- Reducing land consumption through redevelopments
- Expanding photovoltaics capacities
Governance & Social
Good governance by respecting law and values
- Regulations-compliant conduct
- Fair competition and corruption prevention
- Endorsing diversity, equal opportunity and tolerance
- Transparent corporate communication & data protection
SUSTAINABILITY
Reporting
In order to increase transparency towards our stakeholders, VIB Vermögen AG has been reporting in detail on sustainability for many years.
In our Sustainability Report, we not only set out our sustainability strategy and the interplay between VIB and its stakeholders, but also report on the progress of current ESG projects. The report covers sustainable construction in logistics and the photovoltaic strategy of VIB, as well as topics such as occupational health and safety on our building sites, diversity and employee pension schemes.
In order to meet the growing demands in respect of data transparency, we also publish a sustainability report that meets the stringent criteria of the European Public Real Estate Association (EPRA). The EPRA, an organisation based in Brussels, represents the interests of listed European property companies and helps them raise their profile. We are particularly proud of the fact that VIB once again received the award for the highest transparency standard in the “Gold” category.
SUSTAINABILITY
ESG-Rating
ENVIRONMENT – SOCIAL – GOVERNANCE
ESG ratings are becoming increasingly important as a decision-making factor for investors who are investing in certain asset classes, e.g. real estates. Also VIB Vermögen AG seeks to achieve even more transparency in this area. Therefore, the sustainability of our company has been assessed by the EPRA (European Public Real Estate Association) and the GRESB (Global Real Estate Benchmark) with good progress achieved in recent years.
For the years ahead, we have set ourselves the goal of continuously increasing the number/spectrum of ESG ratings for VIB. We regard transparent reporting as essential, as it fosters mutual trust between the capital market and the company.
ESG-Ratings VIB:
Categories “A” – “E”
categories gold / silver / bronze / no Award
2021
“B” ↑
“GOLD” →
2020
“D” →
“GOLD” ↑
2019
“D”
NO AWARD
GRESB is a leading, investor-initiated rating system to present the sustainability performance for real estate companies and funds
EPRA evaluates the sustainability transparency of listed property companies using the EPRA Best Practice Sustainability Recommendations (sBPR).
SUSTAINABILITY
Ecology
Carbon neutrality
Heat pumps and heat recovery
Photovoltaic installation
Electric charging stations
SUSTAINABILITY OF VIB COMPANY HEADQUARTERS
The self-built company headquarters of VIB also sets the highest standards when it comes to environmental sustainability. The building, which boasts the latest standards in terms of cooling and air conditioning technology , only requires external sources of electricity to power the heat pumps. No fossil fuels are burnt at all. Furthermore, a ventilation system with heat recovery, LED lighting, charging stations for electric vehicles and green carport roofs can all be found on-site.
In addition, a photovoltaic installation is in place on the roof of the building. With output of 30 kWp per annum, the system’s savings work out at approx. 69 tonnes of CO2 since the system has been operational. As in the previous year, we also increased the share of total energy consumption attributable to renewable energies in 2020. In this regard, we are especially delighted that our electricity supply has been 100% from renewable energy sources since the start of 2021, which is due to the conclusion of a new supply agreement with our energy supplier. From this point on, our company headquarters will be operated in a climate-neutral manner.
For several years, VIB has been pursuing the goal of significantly expanding its photovoltaic capacity as part of its sustainability strategy. New-build projects are especially suitable in this regard, as crucial factors such as the load-bearing capacity of the roof, cables and the power of the electricity transformers can be taken into account during the planning phase. However, photovoltaics do not just have a role to play in terms of new builds. Where it is technically feasible and makes economic sense, we also review the option of retrofitting existing properties with solar installations.
In 2022, a PV capacity totalling 7,300 kWp was newly installed, almost doubling the total capacity within the VIB portfolio to some 15,700 kWp. This equates to a saving of 5,300 tonnes of CO₂ or some 2.0 million litres of heating oil.
We plan to continue systematically pursuing this route. VIB plans to gradually expand this capacity and reach a total installed capacity of at least 30,000 kWp by 2025.
Installed photovoltaic capacity at VIB (in kWp)
Our ambitious growth targets up to the end of 2022 were achieved as planned! We will strive to keep growing along the same lines in the years ahead!
With a view to making sustainable construction in the development of new properties measurable, building certification in accordance with internationally recognised standards is becoming more important. Alongside BREEAM certification, certification pursuant to the criteria of DGNB (the German Sustainable Building Council) is particularly widespread in Germany and has reached market coverage of 80% of new builds.
In 2021, VIB obtained certification for three new development projects in the areas of logistics and office space, with each building awarded the second highest category, DGNB Gold. DGNB certification not only encompasses environmental aspects, but instead adopts a holistic approach to analysing the entire life cycle of a property. Alongside environmental aspects, other criteria – such as long-term cost-effective use of the property, pollution control, ease of demolition and recycling, transport links and building accessibility – play a pivotal role.
Environmental Quality
- Climate and Energy
- Water
- Materials and Recycling
Economic Quality
- Operating Costs
- Risk Management and Long-term Value
- Procurement and Operations
Sociocultural and
Functional Quality
- Indoor Comfort
- User Satisfaction
- Mobility
DGNB Gold certification for VIB development projects completed in 2021:
PROPERTY
USABLE AREA
SEGMENT
CERTIFICATES
ESLARN
9,400 sqm
Logistics & Light Industrial
JUNKERSRING 7, INTERPARK
7,100 sqm
Logistics / Light Industrial
REGENSBURG
3,200 sqm
Office
SUSTAINABILITY
Governance & Social
SOCIAL ASPECTS AND GOOD CORPORATE GOVERNANCE
The sustainable commercial success of VIB is based on responsible, transparent governance geared towards long-term value creation. This is also particularly relevant in terms of day-to-day dealings with our business partners, our tenants and the numerous actors on the financial and capital markets.
The main principles and fundamental rules underpinning our actions and our conduct towards business partners and the general public are summarised in the Code of Conduct of VIB Vermögen AG. We regard this Code as a guidance framework for employees, executives, Managing Board members and Supervisory Board members of VIB.
The standards we set for ourselves also apply to the conduct of our business partners. To ensure a responsible partnership with a lasting future, we encourage them to establish and implement similar principles and values in their own organisation.
SUSTAINABILITY
ESG-Contact
Dear Shareholders and all those interested in the VIB Vermögen AG, If you have questions, comments or a personal message for us, please send us an E-Mail and we will contact you as soon as possible.
VIB Vermögen AG
Michael Blankenhorn
Tilly-Park 1
86633 Neuburg an der Donau
Tel: +49 8431 9077 949